Decision irrationalities involving deadly risks
Author
Abstract
Suggested Citation
DOI: 10.1007/s11166-018-9292-4
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Charles Bellemare & Sabine Kröger & Kouamé Marius Sossou, 2018. "Reporting probabilistic expectations with dynamic uncertainty about possible distributions," Journal of Risk and Uncertainty, Springer, vol. 57(2), pages 153-176, October.
- Trautmann, Stefan T. & Zeckhauser, Richard J., 2013.
"Shunning uncertainty: The neglect of learning opportunities,"
Games and Economic Behavior, Elsevier, vol. 79(C), pages 44-55.
- Trautmann, Stefan T. & Zeckhauser, Richard J., 2011. "Shunning Uncertainty: The Neglect of Learning Opportunities," Working Paper Series rwp11-044, Harvard University, John F. Kennedy School of Government.
- Zeckhauser, Richard Jay & Trautmann, Stefan T, 2011. "Shunning Uncertainty: The Neglect of Learning Opportunities," Scholarly Articles 5347068, Harvard Kennedy School of Government.
- Jim Engle-Warnick & Sonia Laszlo, 2017.
"Learning-by-doing in an ambiguous environment,"
Journal of Risk and Uncertainty, Springer, vol. 55(1), pages 71-94, August.
- Jim Engle-Warnick & Sonia Laszlo Author Email: sonia.laszlo@mcgill.ca, 2006. "Learning By Doing In An Ambiguous Environment," Departmental Working Papers 2006-29, McGill University, Department of Economics.
- Jim Engle-Warnick & Sonia Laszlo, 2006. "Learning-by-Doing in an Ambiguous Environment," CIRANO Working Papers 2006s-29, CIRANO.
- Jim Engle-Warnick & Sonia Laszlo, 2016. "Learning-by-Doing in an Ambiguous Environment," CIRANO Working Papers 2016s-46, CIRANO.
- Christopher Anderson, 2012. "Ambiguity aversion in multi-armed bandit problems," Theory and Decision, Springer, vol. 72(1), pages 15-33, January.
- Liu, Hsin-Hsien & Colman, Andrew M., 2009. "Ambiguity aversion in the long run: Repeated decisions under risk and uncertainty," Journal of Economic Psychology, Elsevier, vol. 30(3), pages 277-284, June.
- Camerer, Colin & Weber, Martin, 1992.
"Recent Developments in Modeling Preferences: Uncertainty and Ambiguity,"
Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 325-370, October.
- Camerer, Colin F. & Weber, Martin, 1991. "Recent developments in modelling preferences: Uncertainty and ambiguitiy," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 275, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
- Charles A. Holt & Susan K. Laury, 2002. "Risk Aversion and Incentive Effects," American Economic Review, American Economic Association, vol. 92(5), pages 1644-1655, December.
- Gary Charness & Edi Karni & Dan Levin, 2007.
"Individual and group decision making under risk: An experimental study of Bayesian updating and violations of first-order stochastic dominance,"
Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 129-148, October.
- Charness, Gary B & Karni, Edi, 2007. "Individual and Group Decision Making Under Risk: An Experimental Study of Bayesian Updating and Violations of First-order Stochastic Dominance," University of California at Santa Barbara, Economics Working Paper Series qt4gr7j8z8, Department of Economics, UC Santa Barbara.
- Othon M. Moreno & Yaroslav Rosokha, 2016. "Learning under compound risk vs. learning under ambiguity – an experiment," Journal of Risk and Uncertainty, Springer, vol. 53(2), pages 137-162, December.
- Gary Charness & Dan Levin, 2009.
"The Origin of the Winner's Curse: A Laboratory Study,"
American Economic Journal: Microeconomics, American Economic Association, vol. 1(1), pages 207-236, February.
- Gary Charness & Dan Levin, 2005. "The Origin of the Winner’s Curse: A Laboratory Study," Levine's Bibliography 666156000000000602, UCLA Department of Economics.
- Charness, Gary B & Levin, Dan, 2007. "The Origin of the Winner’s Curse: A Laboratory Study," University of California at Santa Barbara, Economics Working Paper Series qt8g88c6ww, Department of Economics, UC Santa Barbara.
- Gary Charness & Dan Levin, 2005.
"When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect,"
American Economic Review, American Economic Association, vol. 95(4), pages 1300-1309, September.
- Charness, Gary & Levin, Dan, 2003. "When Optimal Choices Feel Wrong: A Laboratory Study of Bayesian Updating, Complexity, and Affect," University of California at Santa Barbara, Economics Working Paper Series qt7g63k28w, Department of Economics, UC Santa Barbara.
- Berry, Donald A. & Viscusi, W. Kip, 1981. "Bernoulli two-armed bandits with geometric termination," Stochastic Processes and their Applications, Elsevier, vol. 11(1), pages 35-45, March.
- Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(4), pages 643-669.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- W. Kip Viscusi, 2020. "Electronic cigarette risk beliefs and usage after the vaping illness outbreak," Journal of Risk and Uncertainty, Springer, vol. 60(3), pages 259-279, June.
- Carlos Alós-Ferrer & Alexander Jaudas & Alexander Ritschel, 2021. "Effortful Bayesian updating: A pupil-dilation study," Journal of Risk and Uncertainty, Springer, vol. 63(1), pages 81-102, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ahsanuzzaman, & Priyo, Asad Karim Khan & Nuzhat, Kanti Ananta, 2022.
"Effects of communication, group selection, and social learning on risk and ambiguity attitudes: Experimental evidence from Bangladesh,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 96(C).
- Ahsanuzzaman & Priyo, Asad Karim Khan & Nuzhat, Kanti Ananta, 2018. "Measuring attitudes toward uncertainty: Experimental evidence on group selection effects," 2018 Annual Meeting, August 5-7, Washington, D.C. 274034, Agricultural and Applied Economics Association.
- Gary Charness & Edi Karni & Dan Levin, 2013.
"Ambiguity attitudes and social interactions: An experimental investigation,"
Journal of Risk and Uncertainty, Springer, vol. 46(1), pages 1-25, February.
- Gary Charness & Edi Karni & Dan Levin, 2012. "Ambiguity Attitudes and Social Interactions: An Experimental Investigation," Economics Working Paper Archive 590, The Johns Hopkins University,Department of Economics.
- W. Kip Viscusi & Richard J. Zeckhauser, 2015.
"Regulating Ambiguous Risks: The Less than Rational Regulation of Pharmaceuticals,"
The Journal of Legal Studies, University of Chicago Press, vol. 44(S2), pages 387-422.
- Viscusi, W. Kip & Zeckhauser, Richard, 2014. "Regulating Ambiguous Risks: The Less Than Rational Regulation of Pharmaceuticals," Working Paper Series rwp14-005, Harvard University, John F. Kennedy School of Government.
- Utteeyo Dasgupta, 2016. "Shooting in the Dark: Do Prices Matter in Ambiguous Environments?," Studies in Microeconomics, , vol. 4(1), pages 1-12, June.
- Trautmann, Stefan T. & Zeckhauser, Richard J., 2013.
"Shunning uncertainty: The neglect of learning opportunities,"
Games and Economic Behavior, Elsevier, vol. 79(C), pages 44-55.
- Trautmann, Stefan T. & Zeckhauser, Richard J., 2011. "Shunning Uncertainty: The Neglect of Learning Opportunities," Working Paper Series rwp11-044, Harvard University, John F. Kennedy School of Government.
- Zeckhauser, Richard Jay & Trautmann, Stefan T, 2011. "Shunning Uncertainty: The Neglect of Learning Opportunities," Scholarly Articles 5347068, Harvard Kennedy School of Government.
- Konstantinos Georgalos, 2016. "Dynamic decision making under ambiguity," Working Papers 112111041, Lancaster University Management School, Economics Department.
- Anne Corcos & François Pannequin & Sacha Bourgeois-Gironde, 2012.
"Aversions to Trust,"
Recherches économiques de Louvain, De Boeck Université, vol. 78(3), pages 115-134.
- Anne Corcos & François Pannequin & Sacha Bourgeois-Gironde, 2012. "Aversions to trust," Post-Print ijn_00734564, HAL.
- Anne Corcos & François Pannequin & Sacha Bourgeois-Gironde, 2012. "Aversions to trust," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) ijn_00734564, HAL.
- Anne CORCOS & François PANNEQUIN & Sacha BOURGEOIS-GIRONDE, 2012. "Aversions to Trust," Discussion Papers (REL - Recherches Economiques de Louvain) 2012038, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Carvalho, M., 2012. "Static vs Dynamic Auctions with Ambiguity Averse Bidders," Other publications TiSEM 1f078e67-88ec-46e3-ae18-1, Tilburg University, School of Economics and Management.
- Ferdinand M. Vieider & Mathieu Lefebvre & Ranoua Bouchouicha & Thorsten Chmura & Rustamdjan Hakimov & Michal Krawczyk & Peter Martinsson, 2015.
"Common Components Of Risk And Uncertainty Attitudes Across Contexts And Domains: Evidence From 30 Countries,"
Journal of the European Economic Association, European Economic Association, vol. 13(3), pages 421-452, June.
- Vieider, Ferdinand M. & Lefebvre, Mathieu & Bouchouicha, Ranoua & Chmura, Thorsten & Hakimov, Rustamdjan & Krawczyk, Michal & Martinsson, Peter, 2013. "Common components of risk and uncertainty attitudes across contexts and domains: Evidence from 30 countries," Discussion Papers, WZB Junior Research Group Risk and Development SP II 2013-402, WZB Berlin Social Science Center.
- Jim Engle-Warnick & Javier Escobal & Sonia Laszlo, 2007.
"Ambiguity Aversion as a Predictor of Technology Choice: Experimental Evidence from Peru,"
CIRANO Working Papers
2007s-01, CIRANO.
- Jim Engle-Warnick & Javier Escobal & Sonia Laszlo, 2007. "Ambiguity Aversion As A Predictor Of Technology Choice: Experimental Evidence From Peru," Departmental Working Papers 2007-04, McGill University, Department of Economics.
- Jim Engle-Warnick & Sonia Laszlo, 2017.
"Learning-by-doing in an ambiguous environment,"
Journal of Risk and Uncertainty, Springer, vol. 55(1), pages 71-94, August.
- Jim Engle-Warnick & Sonia Laszlo Author Email: sonia.laszlo@mcgill.ca, 2006. "Learning By Doing In An Ambiguous Environment," Departmental Working Papers 2006-29, McGill University, Department of Economics.
- Jim Engle-Warnick & Sonia Laszlo, 2006. "Learning-by-Doing in an Ambiguous Environment," CIRANO Working Papers 2006s-29, CIRANO.
- Jim Engle-Warnick & Sonia Laszlo, 2016. "Learning-by-Doing in an Ambiguous Environment," CIRANO Working Papers 2016s-46, CIRANO.
- Noemi Pace & Giuseppe Attanasi & Christian Gollier & Aldo Montesano, 2012.
"Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach,"
Working Papers
2012_23, Department of Economics, University of Venice "Ca' Foscari".
- Attanasi, Giuseppe & Gollier, Christian & Montesano, Aldo & Pace, Noémie, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," LERNA Working Papers 12.21.378, LERNA, University of Toulouse.
- Attanasi, Giuseppe Marco & Gollier, Christian & Montesano, Aldo & Pace, Noémie, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," TSE Working Papers 12-338, Toulouse School of Economics (TSE).
- Attanasi, Giuseppe Marco & Gollier, Christian & Montesano, Aldo & Pace, Noémie, 2012. "Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach," IDEI Working Papers 744, Institut d'Économie Industrielle (IDEI), Toulouse.
- Roxane Bricet, 2018. "Preferences for information precision under ambiguity," THEMA Working Papers 2018-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Keck, Steffen & Diecidue, Enrico & Budescu, David V., 2014. "Group decisions under ambiguity: Convergence to neutrality," Journal of Economic Behavior & Organization, Elsevier, vol. 103(C), pages 60-71.
- Yang, Chun-Lei & Yao, Lan, 2011. "Ellsberg Paradox and Second-order Preference Theories on Ambiguity: Some New Experimental Evidence," MPRA Paper 28531, University Library of Munich, Germany.
- Carvalho, M., 2012. "Static vs Dynamic Auctions with Ambiguity Averse Bidders," Discussion Paper 2012-022, Tilburg University, Center for Economic Research.
- M. Vittoria Levati & Stefan Napel & Ivan Soraperra, 2017.
"Collective Choices Under Ambiguity,"
Group Decision and Negotiation, Springer, vol. 26(1), pages 133-149, January.
- M. Vittoria Levati & Stefan Napel & Ivan Soraperra, 2014. "Collective choices under ambiguity," Jena Economics Research Papers 2014-019, Friedrich-Schiller-University Jena.
- Maria Vittoria Levati & Stefan Napel & Ivan Soraperra, 2014. "Collective choices under ambiguity," Working Papers 13/2014, University of Verona, Department of Economics.
- Oechssler, Jörg & Roomets, Alex, 2015.
"A test of mechanical ambiguity,"
Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 153-162.
- Oechssler, Jörg & Roomets, Alex, 2014. "A Test of Mechanical Ambiguity," Working Papers 0555, University of Heidelberg, Department of Economics.
- Jean Desrochers & J. Francois Outreville, 2013. "Uncertainty, Ambiguity and Risk Taking: an experimental investigation of consumer behavior and demand for insurance," ICER Working Papers 10-2013, ICER - International Centre for Economic Research.
- Roxane Bricet, 2018. "The price for instrumentally valuable information," THEMA Working Papers 2018-10, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
More about this item
Keywords
Two-armed bandit; Risk; Uncertainty; Bayesian learning; Ambiguity aversion; Belief updating;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jrisku:v:57:y:2018:i:3:d:10.1007_s11166-018-9292-4. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.